Quartz Partners, LLC (Troy)

Name: Quartz Partners, LLC
Address: 17 1 St Street, Troy, NY, 12180
Telephone: 800-433-0422

Quartz Partners, LLC is a mid-sized advisory firm based in Troy. It manages $54.73 million of regulatory assets for 491 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Colorado, Florida, and 7 other states.

Quartz Partners provides portfolio management for individuals and small businesses, portfolio management for businesses and institutional clients, and pension consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Quartz Partners: assets under management

The assets under management (AUM) of Quartz Partners, LLC is $54.73 million. The firm's AUM has grown by 114% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $45.19 million in discretionary accounts and $9.54 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $161.39 thousand each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $45.2 thousand.

Investments

The firm invests in investment and business development companies the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Quartz Partners, LLC for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Quartz Partners serves?

The firm provides services to individuals and pension and profit sharing plans. The largest group of clients of Quartz Partners is individuals with 278 clients and $42.85 million of assets under management. Among the 5 most similar advisory firms, Quartz Partners has the 2nd lowest percentage of individuals out of all clients.

The amount of regulatory assets under management is $45.19 million for 280 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. None of the firm’s clients are foreign persons or businesses.

Quartz Partners doesn't advise any private funds.

Careers at Quartz Partners, LLC

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.

There are 7 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kyle Patrick Webber	Managing member & chief compliance officer	1 Dec 2014	50% - 75%	5093059
Joseph William Arena	Managing member & chief investment officer	1 Dec 2014	50% - 75%	4997368

Based in Troy

The principal office where Quartz Partners, LLC performs its advisory services is located at 17 1 St Street, Troy, NY 12180, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 800-433-0422 or by fax 877-307-1266. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at quartzpartners.com.